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Home buyers are continuing to show an increased interest in the Lake Tahoe real estate market. A trend I have noticed in home buying is that buyers are now showing more interest in higher price ranges of homes in order to get the kind of home they desire.  Because of the increased interest and resulting increase in home sales, we're seeing reduced inventory in homes for sale, including foreclosures.

Current Real Estate Figures

Homes sales in Lake Tahoe rose 12% in July. 2012 with 730 homes sold when compared to 651 sales in July 2011.  When you take in the news about increased home sales and increased interest in Lake Tahoe homes for sale you're going to continue to see fewer and fewer homes on the market.  

Another interesting figure to look at is the number of homes for sale on the market. We saw a decrease of 45% in this number with only 379 homes on the market in South Lake Tahoe in July, 2012 and 689 in July 2011. 

       Median Sales Price

The medium sales price is a good number to watch to see when home values are rising or declining. When evaluating the South Lake Tahoe real estate market sales statistics using the "medium sales price" it can be a bit confusing. The reason for the confusion is because there is a neighborhood called Tahoe Keys where many of the homes are on the water canals and some that are lakefront. These homes are selling for much more than the average home in the rest of the South Lake Tahoe area and raises the median sales price for the entire area. As we see more of the higher end homes sell the median sales price will start to increase. 
See all homes sold over the last 12 months in South Lake Tahoe. 

Dan's Lake Tahoe Favorite 
Businesses for the Month of August

Long time local favorite Evan's is my choice for Lake Tahoe Business of the Month. Every time I've stopped by for dinner it's been a great experience. Evan's is in a charming vintage Tahoe cabin which sets off the ambiance the moment you walk in the door. Chef Jimi Lasquette has created a delicious and worldly menu and when he has time he'll stop by the tables and introduce himself.  Owners Evan and Candice Williams have owned Evan's for over 24 years.  You won't be disappointed when you choose this local classic for your next Tahoe meal! It is located at the "Y" at 536 Emerald Bay Road. 530-542-1990.

My other August Business of the month is Lodging at Lake Tahoe. Renting either of their two lovely homes is a great way to experience Lake Tahoe and sample what living at America's Favorite Lake is all about. There is a great view of the meadow and the lake from the back deck at the Meadow Lake House.  Their 2nd home is a called the Escape Cabin which is a very short distance from the tram at Heavenly Valley Ski Resort. Not only is it steps away from skiing, there is also access to hiking and biking trails. Outside the front door is also a brand new restaurant, The Himmel Haus. 

The owner of these homes has taken care of every detail and is happy to share them with my clients.  Call 888-933-8246 or visit their website for more information. 

Dan's Preview-Review of Tahoe Homes for Sale
I am continuing to offer the "Dan's Preview Review" service for my clients.  If you find a Tahoe home for sale that you're interested in, contact me and I'll provide a video review with narration...it will be like you're there touring the house yourself! Many buyers are looking for a 2nd home and aren't in town to actually view it themselves. They are finding this service quite helpful in their search of real estate in South Lake Tahoe. 

You can look at my current "Preview Reviews."  Check back as they are updated often. 

Thank you, 

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Dan Spano, Broker/Owner
CA Lic # 1187931
NV LIc # 26236